Non-doms and nil rate bands: Six ‘Emergency Budget’ predictions
By International Adviser, 19 Jun 15
Chris Groves and Sophie Dworetzsky from international law firm Withers outline six of their expectations for July’s Budget.
6) Capital gains tax
Capital gains tax has notably not been included in the triple lock guarantee.
Rates presently stand at 28% for higher rate taxpayers, and indeed were set at that rate in the then government’s Emergency Budget held in June 2010 – increasing the rate from the previous 18%.
So one might be inclined to think that there should be little temptation to play with the rate further, yet when the Chancellor’s hands are tied on the other direct taxes as a result of the triple lock, this might suddenly look rather more tempting.
Tags: Non Doms | UK Adviser | Withers
